How long does it take to update after cc statement cut

[Melanie220]

How long does it take for an acct to be updated after the statement date. My balance and new Credit line for Fingerhut is due to report tomorrow 6/13. Is it reflected immediately or does it usually take a couple of weeks?

[ReaLiLJ]

About 4-5 business days! For instance my chase statement ends on 28th of every month and I check my reports daily, and it usually reports around the 2/3rd depending on the day of the week! Same with my Cap One Card, reports on the 2nd of every month, and it usually reports on the 6/7th! Hope that helps -LJ

[Melanie220]

Thanks!

[ReaLiLJ]

P.S. its funny b/c all my cards report on experian on the 4th day usually and my other cards report to equifax the day after that (5th day), and I don't really care about TU, until I get a Citi card but you should pull a report daily for one month immediately (after your statement cuts off) through a fako service and  see the exact days that way you can get a feel on how your cards actually report, and you can start to use that to your advantage when paying off cards, and carrying a balance (Pif) #Cheers -LJ

[Melanie220]

Thanks. Is there any free sites for TU besides CK. Also what other options are available for EQ. I have scorewatch but are there any free sites?

[swtneka]

I agree... myfico alerts me when a cc reports and i noticed the day the bill get cut is the day they report. So i have to go to the website and see where i stand and pay b4 the bill is cut if i want it to reflect it on my reports so i can get my points. Its crazy! When i first got the card it was 2 point increase when the balance reported at 9 dollars. The next cycle the bill was for 27 dollars and when it reported i lost 7 pts i was livid. I couldnt believe it. I hadnt even gotten the bill how could i had time to pay it down. i now know they tricks. They try to play me but i caught on.

[imovinup]

from my experience i find my credit cards (bofa,chase,cap1) seem to update within 4-5 days bofa is the fastest. my store cc's typically run 6-7 days

[Melanie220]

As soon as I make a purchase with Fingerhut I pay at least 80% of the balance. I usually don't buy anything expensive anyway. This way I know that a small balance will report and I pay it off the day after it reports. I have a $7 balance out $400.00 now from $132 out of $200 last month (I didn't know when they reported) my utilization is going from 66% to about 2% so I'm hoping for a score bump

[ReaLiLJ]

Check this out 
http://ficoforums.myfico.com/t5/General-Credit-Topics/Credit-Monitoring-Service-CMS-Guide/td-p/66254...

I honestly think Credit Karma will be your best bet for free TU, but you can go through this to try to find what is convenient for you. I myself am a reformist, I hate overpaying for something that I know I can get for free!

So if you haven't already I would use the free trials that experian, eq, and tu give for 7 days or w.e. start that trial right after your statement cuts, and then you can resolve your issue there cancel the trials by phone, and then when your card reports if you want to continue to get them for free and don't mind fako scores, use quizzle for experian (for new accounts/inquiries) continue to use CK for TU and for EQ if you don't mind the inquiry and up for a new card, + a free true fico EQ04 every month for a $15 investment 10$ to charity, and a permenant 5$ in savings that you don't have to refresh every month, I'd go with DCU. B/c most likely you will get a card out of it, rewards or platinum with a pretty good limit depending on your situation. And will have your EQ04 monthly, TU fake but with monitoring from CK, and Quizzle for Ex. 

I myself as I said am a reformist so for me I use to pay TU and EX 16$ I believe a month for fako scores and monitoring (They played me well lol) I even payed EQ before DCU 16.95 every month for daily pulls, but I cancled the TU and just got a walmart card when I went on my spree early last year, and now I get a free FIco TU from them, Free EQ04 from DCU, and I couldn't say no to experian 8.96 deal (cut in half forever) that I pay per month for unlimited reports and a plus score that is always close to my fico ex (that I recently checked after amex sent my true ex fico) and (my auto dealer) so If you want to get on the same path I could show you the way. But as I said for free sites look through that excellent guide that llecs put together, and I know you will be able to find what you want as everyone is different, and only some people like to pull daily, while some people pull quarterly, while some people like to pull yearly! -LJ

[Melanie220]

Thanks LJ!